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Earnings preview for Friday (Estee Lauder)

Moomoo News ·  Feb 5, 2021 03:24  · Earnings Preview

Estee Lauder Q2 2021 earnings preview

$The Estee Lauder Companies Inc(EL.US)$ is an American multinational manufacturer and marketer of prestige skincare, makeup, fragrance, and hair care products, based in Midtown Manhattan, New York City.

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In the year ahead, catalysts for rebuilding include premium skincare, e-commerce and channel mix, a robust innovation pipeline, advancing technologies, high demand in China and rising recovery in other Asia

Operating margin of 20% was helped by cost savings, and a two-year Business Acceleration Program could lower costs more. Closing 10-15% of unproductive stores outside Asia and exiting some department stores may have a midterm benefit, though may drag on short-term gains as store openings remain tempered.

Estee Lauder gave 2Q guidance for a sales decline of 4-6% and EPS of $1.45-$1.60

-Deborah Aitken,Bloomberg analyst

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Click here to check out: Earnings Calendar for February.

Source: Bloomberg

Editor: Mia

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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